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प्रश्न
Explain briefly NNP at factor cost.
उत्तर
Net National Product refers to the value of the net output of the economy during the year. NNP is obtained by deducting the value of depreciation, or replacement allowance of the capital assets from the GNP. It is expressed as, NNP = GNP – depreciation allowance.
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संबंधित प्रश्न
Total Cost and Total Revenue.
Distinguish between Gross National Product and Net National Product.
Explain various types of investment expenditure.
Other things remaining unchanged, when in a country the price of foreign currency rises, national income is: (choose the correct alternative)
a. Likely to rise
b. Likely to fall
c. Likely to rise and fall both
d. Not affected
Giving reason explain how should the following be treated in the estimation of national income:
Payment of corporate tax by a firm
Calculation National Income and Personal Disposable Income:
| (Rs crores) | ||
| 1 | Personal tax | 80 |
| 2 | Private final consumption expenditure | 600 |
| 3 | Undistributed profits | 30 |
| 4 | Private income | 650 |
| 5 | Government final consumption expenditure | 100 |
| 6 | Corporate tax | 50 |
| 7 | Net domestic fixed capital formation | 70 |
| 8 | Net indirect tax | 60 |
| 9 | Depreciation | 14 |
| 10 | Change in stocks | (-)10 |
| 11 | Net imports | 20 |
| 12 | Net factor income to abroad | 10 |
Giving reason explain how the following should be treated in the estimation of national income:
Payment of interest by a firm to a bank
Calculate investment expenditure from the following data about an economy which is in equilibrium:
National income = 1500
Autonomous consumption expenditure = 300
Investment expenditure = 300
Calculate 'Marginal Propensity to Consume' from the following data about an economy which is in equilibrium:
National income = 800
Autonomous consumption expenditure = 100
Investment expenditure = 100
Fill in the blank using proper alternative given in the bracket:
National income is ........ concept.
Write explanatory notes.
Output method of measurement of national income.
Answer the following question:
What is double counting of national income?
Define or explain the following concept:
Personal income
State whether the following statement is true or false.
Financial year in India is leap year.
Complete the following statement.
NNP is obtained by ______.
Per capita income is obtained by dividing the National income by the ______.
Differentiate between personal and disposable income.
What is the solution to the problem of double counting in the estimation of national income?
Which of the following is not a component of domestic income?
